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senator rand paul even believes that since they have such little leverage in the talks of president obama. well, republicans should just get out of the way and let the democrats raise taxes as much as they want. and then let the president take responsibility for party of high taxes. now can i understand senator paul's thinking especially given the fact that the president has already announced ahead of his mano a mano meeting can john boehner that he won't concede an inch on tax cuts. this republican defeatism news broke of jim demint's departure from the senate yesterday. is he a tea party warrior and demint is a hero to part of the g.o.p.'s 2010 midterm route. now he is off to head off a think tank the heritage foundation. let's face it the g.o.p. needs new energy. it needs branding help. heck, we have a lot of issues resolve amongst ourselves before we even from a hope of rebuilding the movement to appeal to new generations of voters. of course, libertarians and social conservatives are probably never going abortion and gay marriage. they must find a way to agree on other critical issue
senator rand paul even believes that since they have such little leverage in the talks of president obama. well, republicans should just get out of the way and let the democrats raise taxes as much as they want. and then let the president take responsibility for party of high taxes. now can i understand senator paul's thinking especially given the fact that the president has already announced ahead of his mano a mano meeting can john boehner that he won't concede an inch on tax cuts. this...
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i don't think that president obama or the republicans want us to go over the fiscal cliff. >> jamie: angela, when i have you guys on, i want to learn a little something myself. we have a lot of new members that are going to be seated after the first of the year. so, if they come up with some partial solution, let's say, what's the impact, angela, of us having new members of congress seating into this di decision making process. is it hurtful or beneficial? >> it's always beneficial, i always think that new minds are great to come to the table to give new ideas. what we have have to stop down is putting a bandaid on it and kicking it down the road. we need true me form or we'll be talking about this a year from now. >> jamie: doug, a prediction, going over? >> i don't think so. but you bring up a good point member about the 90 house members who are going to leave and more political incentive to do it now, because with new members, they're going to have to go through the debate again. >> jamie: thank you, guys. always a great discussion, always is. and our own chris wallace has an excl
i don't think that president obama or the republicans want us to go over the fiscal cliff. >> jamie: angela, when i have you guys on, i want to learn a little something myself. we have a lot of new members that are going to be seated after the first of the year. so, if they come up with some partial solution, let's say, what's the impact, angela, of us having new members of congress seating into this di decision making process. is it hurtful or beneficial? >> it's always beneficial,...
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so, president obama is taking action and insisting that republicans agree to increase the existing marginal tax rates on the wealthiest top 2% of u.s. taxpayers. and of course, there is more to the deal. but there will be no negotiations on that big part of the deal unless that tax on the wealthiest 2% is negotiated now. the president could not be more emphatic in stressing the indispensable element of surmounting the cliff is that super-rich revenue. >> we're not insisting on rates just out of spite. or out of any kind of partisan bickering. but rather because we need to raise a certain amount of revenue. >> okay. here is john boehner, the republican house speaker. >> if you look at the plans that the white house have talked about thus far, they couldn't pass either house of the congress. >> republicans proposed raising $800 billion in extra revenues. and that revenue should come through tax reform and closing loopholes. happy new year. question, patrick, looking into the crystal ball and tell us about this january 1 monetary nuclear bomb. are we going over the cliff, patrick? >> i think i
so, president obama is taking action and insisting that republicans agree to increase the existing marginal tax rates on the wealthiest top 2% of u.s. taxpayers. and of course, there is more to the deal. but there will be no negotiations on that big part of the deal unless that tax on the wealthiest 2% is negotiated now. the president could not be more emphatic in stressing the indispensable element of surmounting the cliff is that super-rich revenue. >> we're not insisting on rates just...
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>> when it comes to his relationship with president obama, new jersey's republican governor chris christie is stuck between a rock and a hard place. which might explain two things christie did over the past 24 hours. first, christie visited president obama at the white house asking for $83 billion in extra hurricane aid to help clean withstandup. the very same day he vetoed a bill drafted by his state's democratic legislature that would have billed health care exchange, which aims to subsidize insurance for low and middle income americans. in a statement explaining the rejection, governor christie stated a lack of information from washington. quote, i will not ask new jerseyans to commit today to a state-based exchange when the federal government cannot tell what's it will cost, how that cost compares to other options, and how much control they will give the states over this option that comes at the cost of our state's taxpayers. that makes new jersey state number 19 to say no to the affordable care act's offer for a state-run health insurance exchange, and it puts christie in the ranks of
>> when it comes to his relationship with president obama, new jersey's republican governor chris christie is stuck between a rock and a hard place. which might explain two things christie did over the past 24 hours. first, christie visited president obama at the white house asking for $83 billion in extra hurricane aid to help clean withstandup. the very same day he vetoed a bill drafted by his state's democratic legislature that would have billed health care exchange, which aims to...
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president obama going off republicans on the looming fiscal cliff on the weekly radio address. accusing the house of blocking a bill aimed at year end middle tax cuts. >> they put forward an unbalanced plan that lowers rates for the wealthiest americans. >> if we want to protect the middle class, the math didn't work. >> meanwhile, florida senator marco rubio delivering the response, prosperity should come through job creation and smaller debt not taxes. >> we must get the debt under control. taxes will not control our debt. >> both sides of the issue. i'm jamie colby, back to cavuto on fox business, only on the fox news channel. >> what's the deal with the guy wearing sunglasses and saying nothing? >> and all over again in michigan, protesting the right to work bill. the scene almost identical to wisconsin last year and that state's battle over collective bargaining and then, what's going on? >> and i think it's always tough for unions to admit they've lost allure. i'm a union man and i know charlie is very fond of unions. we love unions, but we want people to have the right t
president obama going off republicans on the looming fiscal cliff on the weekly radio address. accusing the house of blocking a bill aimed at year end middle tax cuts. >> they put forward an unbalanced plan that lowers rates for the wealthiest americans. >> if we want to protect the middle class, the math didn't work. >> meanwhile, florida senator marco rubio delivering the response, prosperity should come through job creation and smaller debt not taxes. >> we must get...
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breaking the republican party would be a benefit to this plan, also, i don't think barack obama minds in the tax rates go up on the middle income people as well. >> paul: he's promised-- you're saying-- >> the ultimate win is to have all of that new revenue for the government and being able to blame it on the republicans. >> paul: wait a minute, if you're saying we go over the cliff, nothing happens in december, come january the president will not turn around and insist on the middle class portion of in tax? >> i think if he was allowed to say, look, republicans wouldn't come along on this. >> paul: wait, wait, hold, hold. 20 million people will be hit-- more people would be hit by the alternative minimum tax, for example, if nothing happens. that's, that, and you know where the taxpayers are, james, i hate to tell you they're in your state, in new jersey, connecticut and in new york, and they're in california and illinois. a lot of places where democrats govern, because they have the most deductions at the federal level. >> well, as we've explained many times, the amount of money he
breaking the republican party would be a benefit to this plan, also, i don't think barack obama minds in the tax rates go up on the middle income people as well. >> paul: he's promised-- you're saying-- >> the ultimate win is to have all of that new revenue for the government and being able to blame it on the republicans. >> paul: wait a minute, if you're saying we go over the cliff, nothing happens in december, come january the president will not turn around and insist on the...
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if republicans end up getting it, it's something the obama administration told john boehner they were willing to trade away if republicans end up getting it, that will feel like a big win for them. enough to unlock the tax deal. i'm not saying the final negotiation here will be easy. one thing that's a tough sticking point in negotiations. we began tonight which the white house wants to get rid of forever. there's not been a lot of republican movement on the forever deal. i'm not saying they are not going to get to a deal before the deadline, but don't be fooled by the posturing. there is a sailboat. it's coming clearer. joining us is the former budget director for the obama administration. vice chairman at citigroup, a veteran of these negotiations, thank you for being here on a friday night. >> good to be with you. >> peter, you have been in a lot of these negotiations. you have been in their rhythms and seen how they go. what's your take? >> i think as you pointed out, it's still early. it's december 7th. both sides would be complaining if there was an agreement in place. but you c
if republicans end up getting it, it's something the obama administration told john boehner they were willing to trade away if republicans end up getting it, that will feel like a big win for them. enough to unlock the tax deal. i'm not saying the final negotiation here will be easy. one thing that's a tough sticking point in negotiations. we began tonight which the white house wants to get rid of forever. there's not been a lot of republican movement on the forever deal. i'm not saying they...
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the think there are enough but not republicans to force president obama to cave? >> there are a number of republicans who have stepped up and said, we have to be serious about revenue. we believe in the middle class tax cuts. let's start where we agree. that is really important to have that conversation. what you are saying is that republicans and democrats set not been talking. on almost every big decision we have made in the last two years, democrats have had to step up and have 100 or more people to reach common ground. it is when we were together and when we are not heeding our heels in -- digging our heels in -- >> using there are enough republicans that will agree not to dig their heels in? >> we really would like him to really mean it. it would be helpful right now to provide the certainty to the economy. the pressure has to be on the republicans to not use the debt ceiling as a tool to give more spending cuts. we have to decide on the budget. what is the right amount of spending cuts, which we believe we already have. the debt ceiling cannot be used as a t
the think there are enough but not republicans to force president obama to cave? >> there are a number of republicans who have stepped up and said, we have to be serious about revenue. we believe in the middle class tax cuts. let's start where we agree. that is really important to have that conversation. what you are saying is that republicans and democrats set not been talking. on almost every big decision we have made in the last two years, democrats have had to step up and have 100 or...
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president obama remains insistent that republicans yields to his ultimatum thahe be allowed to raise taxes on those making more than $250,000 a year. republicans for their part insist that the president gets serious about cutting spending in order to reducetrillion dollar deficits and a natonal debt that is nw mind-boggling league not -- monotonous. house minority leader disagrees vehemently with the speaker on how to reduce deficits and debt. today she offered a paradoxical statement on scal policy that wouldake both casey stieel and yogi berra proud. the nation now just 24 days away from $600 billion of spending cuts and tax increases that will automatically kicked in. and pelosi has some wise words for washington. please listen terror. >> this is a mment of truth. the clock is ticking. christmas is coming. the goose is getting fat. in many homes across america it is very, very lean times. you cannot cut your way to deficit reduction. lou: that's right. pelosi says we cannot get our way to deficit reducti. listen to the top democrat in the house of epresentatives, the former speake
president obama remains insistent that republicans yields to his ultimatum thahe be allowed to raise taxes on those making more than $250,000 a year. republicans for their part insist that the president gets serious about cutting spending in order to reducetrillion dollar deficits and a natonal debt that is nw mind-boggling league not -- monotonous. house minority leader disagrees vehemently with the speaker on how to reduce deficits and debt. today she offered a paradoxical statement on scal...
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the republican leadership had taken up and passed some of president obama's job initiatives including the american jobs act and had passed the middle income tax cut. >> so let's cut to the chase. one of those congressional members is lying. either the republicans are right on cutting taxes on small business also add jobs, or the president's stimulus policies are fuelling the economic recovery in this country. joining me tonight to sort out the facts, david cay johnston, pulitzer prize winning journalist and author of "the fine print. let's start with the job growth. unemployment hit rock bottom near the beginning of the -- under the bush administration. you can see this right here. and this of course the changing the color here is when president obama took over in january of '09. who is responsible for this turnaround? >> absolutely the president. and it would be a better turnaround if the republicans had allowed a bigger stimulus. we'd have many more jobs. >> you'd make the case we didn't spend enough on the economy? >> not only did we not spend enough, but we wasted 40% of it on tax
the republican leadership had taken up and passed some of president obama's job initiatives including the american jobs act and had passed the middle income tax cut. >> so let's cut to the chase. one of those congressional members is lying. either the republicans are right on cutting taxes on small business also add jobs, or the president's stimulus policies are fuelling the economic recovery in this country. joining me tonight to sort out the facts, david cay johnston, pulitzer prize...
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speaker of the house john boehner is waiting to hear a counter offer from president obama since the republican plan was delivered on monday. >> reports indicate the president adopted a strategy to slow walk our economy to the edge othe fiscal cliff. -- edge of the fiscal cliff. >> vice president joe biden said a deal could be done in 15 minutes. he made the comments during a lunch with people the white house described as middle class. >> couple hundred bay area senior citizens made noise today about the fiscal cliff. [ music playing ] >> they held a flash mob in front of the federal building in downtown san francisco. they are rallying for social security, medicare and medicare. they support the president's plan. >>> another winner. what we know about the latest person to claim a huge power ball jackpot. >> the weather is looking nice. the warmest day of the weekend and when shower chances return in the five-day forecast. >> parents complain their daughters are being bullied. we will tell you what is happening at a middle school. [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u
speaker of the house john boehner is waiting to hear a counter offer from president obama since the republican plan was delivered on monday. >> reports indicate the president adopted a strategy to slow walk our economy to the edge othe fiscal cliff. -- edge of the fiscal cliff. >> vice president joe biden said a deal could be done in 15 minutes. he made the comments during a lunch with people the white house described as middle class. >> couple hundred bay area senior citizens...
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speaker of the house john boehner is waiting to hear a counter offer from president obama since the republican plan was delivered on monday. >> reports indicate the president adopted a strategy to slow walk our economy to the edge othe fiscal cliff. -- edge of the fiscal cliff. >> vice president joe biden said a deal could be done in 15 minutes. he made the comments during a lunch with people the white house described as middle class. >> couple hundred bay area senior citizens made noise today about the fiscal cliff. [ music playing ] >> they held a flash mob in front of the federal building in downtown san francisco. they are rallying for social security, medicare and medicare. they support the president's plan. >>> another winner. what we know about the latest person to claim a huge power ball jackpot. >> the weather is looking nice. the warmest day of the weekend and when shower chances >>> parents of two students are complaining the school isn't doing enough to protect the children from bullying at cooper elementary school. one parent said her daughter is being tormented. her daughter wrot
speaker of the house john boehner is waiting to hear a counter offer from president obama since the republican plan was delivered on monday. >> reports indicate the president adopted a strategy to slow walk our economy to the edge othe fiscal cliff. -- edge of the fiscal cliff. >> vice president joe biden said a deal could be done in 15 minutes. he made the comments during a lunch with people the white house described as middle class. >> couple hundred bay area senior citizens...
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why would president obama's fcc chairman, try to do now what the republicans couldn't do then? >> that is a very good question, bill. and i don't have the answer. and it's not only that the senate passed a strong resolution. there were public hearings. and there was the opportunity for the public to give input into this decision making process. and huge numbers of people said, "wait a second, we do not need more media consolidation in america." senate came on record. so why the obama administration is doing something that the bush administration failed to do is beyond my understanding. and we're going to do everything we can to prevent it from happening. >> you may remember that back in 2007, your then senatorial colleague, barack obama wrote a strong letter to the republican chairman of the fcc who wanted to change the rules, just like genachowski is doing now. and he condemned the very tactics that his own fcc chairman is employing today. >> absolutely. and we hope the president will get involved in this issue. so i don't-- to be honest with you, i don't know the internal dyn
why would president obama's fcc chairman, try to do now what the republicans couldn't do then? >> that is a very good question, bill. and i don't have the answer. and it's not only that the senate passed a strong resolution. there were public hearings. and there was the opportunity for the public to give input into this decision making process. and huge numbers of people said, "wait a second, we do not need more media consolidation in america." senate came on record. so why the...
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do you think there are enough banana republicans to force obama to deal with the national debt? will they have to cave on that? >> there are republicans who have stepped up and said, look, we have to be serious about revenue. we believe in middle-class tax cuts as well. start with, we agree. it is important to have that conversation. republicans and democrats have not been talking to reach an agreement. on the debt -- on almost every big decision that we have made in the last two years, democrats have had to have 100 people or more vote to reach common ground. it is when we were together -- >> are there another republicans who would vote to extend the debt ceiling without conditions to allow us to avoid another confrontation? >> let us hope so. look what happened yesterday in the senate. it was so interesting. senator mcconnell said, give the president the power to raise the debt ceiling and we could stop it, but we don't have to affirm. he took him up on it. he said, no, i did not mean it. we will like him to really mean it. it would be helpful to provide that certainty to the
do you think there are enough banana republicans to force obama to deal with the national debt? will they have to cave on that? >> there are republicans who have stepped up and said, look, we have to be serious about revenue. we believe in middle-class tax cuts as well. start with, we agree. it is important to have that conversation. republicans and democrats have not been talking to reach an agreement. on the debt -- on almost every big decision that we have made in the last two years,...
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the republicans may have to strategically give it over to mr. obama. then you'll have a recession on your hands. if not a recession, bob riech, these high tax policies are going to slow the growth, make it more anemic. >> let me partially agree with both you and casey. i think that the jobs report today was not good. i think that we are still in a jobs recession. we're still in a gravitational pull of the great recession. and i think we ought to have much more on the demand side. i mean i'm not a supply cider. i see that big companies are sitting on $2 trillion of cash. the people at the top are doing very well. the problem is the median wage keeps on going down. most people don't have the cash to keep buying. so the government has got to step in this is the worst time to raise taxes on the middle class. it's the worst time to cut golf spending. then we really are in a recession. that really will bring on a recession. >> do you agree with that, casey. the worst time to cut government spending? >> well most of this spending we've been doing lately is ou
the republicans may have to strategically give it over to mr. obama. then you'll have a recession on your hands. if not a recession, bob riech, these high tax policies are going to slow the growth, make it more anemic. >> let me partially agree with both you and casey. i think that the jobs report today was not good. i think that we are still in a jobs recession. we're still in a gravitational pull of the great recession. and i think we ought to have much more on the demand side. i mean...
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by the way, the same republicans who ran a campaign with president obama cutting $716 billion out of medicare, all the sudden want tremendous cuts in medicare. i think we'll get a deal. we have to. i think the president understands that. neil: i know we have to, but we've been this way before. here's my worry, that a bad deal could be worse than no deal. a bad deal, let's say there's cuts, and i don't envision many, your comment, though, withstanding, because i don't see the resolve for it because even slowing growth in a program is opposed by unions, the congressional black caucus, 101 democratic congressmen, when it comes to social security, whether that should or shouldn't be part of the discussion is going to remain as a zeal to raise taxes over cutting spending. that's what worries me. >> well, you know, neil, i sit here in the financial markets, and so my concern all the time is protecting and preserving individuals and corporations' wealth. i look at this, how does it affect the market, and to your point about if this is a bad deal, where there's, you know, no spending cuts, i
by the way, the same republicans who ran a campaign with president obama cutting $716 billion out of medicare, all the sudden want tremendous cuts in medicare. i think we'll get a deal. we have to. i think the president understands that. neil: i know we have to, but we've been this way before. here's my worry, that a bad deal could be worse than no deal. a bad deal, let's say there's cuts, and i don't envision many, your comment, though, withstanding, because i don't see the resolve for it...
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. >>> president obama and the republicans look to make a deal. the royal couple makes a baby and a new law makes some pot smokers very, very happy. a look back now at the week that was. >> 26 days left, of course, until we tumble over the cliff. >> now we need a response from the white house. >> i will not play that game. >> it's official, kate middleton is pregnant. >> obviously, you know, we want a family. >> the whole globe's press will be in london waiting. >> now we're smoking weed. >> i'm not a criminal any more. i'm free to be free. >> a little pot, a big pregnancy and, of course, politics dominated this week that was. a week that began with this. >> a reasonable offer to the white house that would avert the fiscal cliff. >> reporter: the president polightly declined. >> when you look at the math, it doesn't work. >> it's just common sense. >> at least the two sides are talking. >> oh, they're talking, all right. >> the president actually isn't interested in a balanced agreement. >> the only people who aren't onboard are republicans in con
. >>> president obama and the republicans look to make a deal. the royal couple makes a baby and a new law makes some pot smokers very, very happy. a look back now at the week that was. >> 26 days left, of course, until we tumble over the cliff. >> now we need a response from the white house. >> i will not play that game. >> it's official, kate middleton is pregnant. >> obviously, you know, we want a family. >> the whole globe's press will be in...
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republicans as they try to hammer out a deal to avert the country falling off the fiscal cliff. >> let's allow higher rates to go up for the top 2%. by doing that alone we raise almost trz z $2 trillion. >> increasing rates will hit small businesses that produce 60 to 70% of the new jobs in our country. >> most americans agree with the president. a majority say they are okay with raising taxes on people with incomes over a quarter million a year. this poll is one of three surveys out over the past week and a half to indicate the public gives a thumbs-up to raising taxes on high earners. the polls indicate a big partisan divide with democrats and independents supporting such a move and a majority of republicans opposed. the polls also suggest that most people want cuts in government spending as part of a deal to avert the fiscal cliff. not when it comes to entitlements. according to three new surveys a majority say no to raising the eligibility age for medicare. does the public think politicians in washington will hammer out a deal before the end of the year deadline? americans appear div
republicans as they try to hammer out a deal to avert the country falling off the fiscal cliff. >> let's allow higher rates to go up for the top 2%. by doing that alone we raise almost trz z $2 trillion. >> increasing rates will hit small businesses that produce 60 to 70% of the new jobs in our country. >> most americans agree with the president. a majority say they are okay with raising taxes on people with incomes over a quarter million a year. this poll is one of three...
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barack obama is negotiating good the republicans how to avoid the so-called fiscal cliff it's a set of spending rises and tonks cuts that are set to take effect on the first of january and could be ruinous to the economy but does the average american see a day looming do all these new york residents try to find out. america is about to go over the fiscal cliff are you worried what should we do about it this week let's talk about that do you know the fiscal cliff. do you think a lot of americans do you know so then why is the media talking about it incessantly well i i guess i have not as informed as i should be but i just kind of figure it might work out do you think most people feel that way you know you think most people are worried i think they are and i think that if i ignored it all go away do you think calling it something like the fiscal cliff minimizes it yes and no i definitely agree that it's a complex problem i don't think it simplifies it though i think it adds an element of panic or fear looming. doom that and the media loves that yeah do you think there's actually somethi
barack obama is negotiating good the republicans how to avoid the so-called fiscal cliff it's a set of spending rises and tonks cuts that are set to take effect on the first of january and could be ruinous to the economy but does the average american see a day looming do all these new york residents try to find out. america is about to go over the fiscal cliff are you worried what should we do about it this week let's talk about that do you know the fiscal cliff. do you think a lot of americans...
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in congress. >> reporter: in his saturday weekly address, president obama signaled he is open to making cuts on programs like medicare and medicaid if republicans agree to raise tax rates for the rich. >> i'm willing to find ways to bring down the cost of health care without hurting seniors and other americans who depend on it. and i'm willing to make more entitlement spendings cuts on top of the $1 trillion in spending cuts i signed into law last year. >> reporter: his remarks came one day after house speaker john boehner announced the talkes were stalled. >> well, this isn't a progress report because there's no progress to be report. >> reporter: his democratic counter-part ploals blamed boehner for the stalemate. >> what they offered in return was an empty letter lacking in specifics. >> reporter: such is the state of negotiations 23 days before the deadline when federal income tax rates will revert to higher clinton-era leveles, a 2% payroll tax cut will expire, and long-term unemployment benefits will dry up for over two million americans who have been out of work for six months or
in congress. >> reporter: in his saturday weekly address, president obama signaled he is open to making cuts on programs like medicare and medicaid if republicans agree to raise tax rates for the rich. >> i'm willing to find ways to bring down the cost of health care without hurting seniors and other americans who depend on it. and i'm willing to make more entitlement spendings cuts on top of the $1 trillion in spending cuts i signed into law last year. >> reporter: his...
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: do you anticipate republicans will vote for a rate increase if this should come to a vote? >> i don't believe they'll vote for a rate increase. what we'll vote for hopefully is to extend the current tax rates permanently and start working with president obama on true pro growth tax reform, but again, it sounds like treasury secretary geithner is happy to take the economy off the fiscal cliff, and again, if president obama wants to do that, he can do that, it sounds like that's exactly where he wants to go, what is kind of amazing, maybe republicans should take, you know, a victory lap from the fact that we've actually convinced democrats it's a good thing to maintain the bush tax cuts for at least 98% of the american population. i guess that's a good thing. i hope, i hope if president obama decides to increase taxes on the top two percent at a minimum he exempts business income. people or businesses that report their income through subchapter s, that would be a positive sign. maybe he can give some ground there. >> greta: i'm curious as a former businessman, now a freshman
: do you anticipate republicans will vote for a rate increase if this should come to a vote? >> i don't believe they'll vote for a rate increase. what we'll vote for hopefully is to extend the current tax rates permanently and start working with president obama on true pro growth tax reform, but again, it sounds like treasury secretary geithner is happy to take the economy off the fiscal cliff, and again, if president obama wants to do that, he can do that, it sounds like that's exactly...
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president obama's offer to avoid the fiscal cliff was laughed at by republicans last week. this week the gop counter offered. theirs, extend tax cuts to the everyone including the rich. $2.2 million in areas from closing loopholes and deductions, savings on health care and cuts in discretionary spending. other than that, no specifics. president obama said the gop must agree to one thing to get anywhere close to a deal. >> we have to see the rates on the top 2% go up. we're not going to get a deal without it. >> speaker boehner fired back. >> this week we made a good faith offer to avert the fiscal crisis. now we need a response from the white house. we can't negotiate with ourselves. >> here we are just weeks away from going over the fiscal cliff. you probably wonder what's going on in these houses in washington. they put themselves and their political gains first and put their future in prosperity second. hey, you voted them in. remember what happened the last time washington got into a budget battle like this? lawmakers put a band aid on the problem and the u.s. lost its
president obama's offer to avoid the fiscal cliff was laughed at by republicans last week. this week the gop counter offered. theirs, extend tax cuts to the everyone including the rich. $2.2 million in areas from closing loopholes and deductions, savings on health care and cuts in discretionary spending. other than that, no specifics. president obama said the gop must agree to one thing to get anywhere close to a deal. >> we have to see the rates on the top 2% go up. we're not going to...
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president obama is taking aim at republicans, accusing them of blocking a bill that would prevent tax rates from going up for the middle class. republicans are firing back, saying raising tax rates for anyone, including top earners, would jeopardize the economy. fiscal cliff negotiations are now in the hands of just two people, president obama and house speaker john boehner. abc's david kerley joins us live with the latest. david, we have a positive jobs report. better than expected. consumer confidence plummeted. a lot of people attributing that to the gridlock in washington. >> reporter: they're using the jobs report right now, the obama administration. a little more fuel. and we are talking about two men now. it comes down to these two guys and a lot of jobs on the line. possible hiring freezes, furloughs if we go over the cliff. federal agencies now working on reports for the white house, of the cuts they will make if we do actually go over the cliff. a diner, middle-class taxpayers and the vice president, telling republicans a deal to extend tax cuts for all but the wealthy is ea
president obama is taking aim at republicans, accusing them of blocking a bill that would prevent tax rates from going up for the middle class. republicans are firing back, saying raising tax rates for anyone, including top earners, would jeopardize the economy. fiscal cliff negotiations are now in the hands of just two people, president obama and house speaker john boehner. abc's david kerley joins us live with the latest. david, we have a positive jobs report. better than expected. consumer...
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some of them are proposing to republicans in pennsylvania and three other states obama won, they're trying to eliminate the winner-take-all system of awarding electoral votes. why not? that way republicans could win electoral votes in states they lose. that's a good deal. >>> new jersey governor chris christie finally meets his idol. new jersey's most famous resident, the man he has seen in concert more than 100 times. the governor and the boss, bruce springsteen. they're friends now. this is "hardball," the place for politics. [ male announcer ] take dayquil... [ ding! ] ...and spend time on the slopes. take alka-seltzer plus cold & cough... [ buzz! ] ...and spend time on the chair. for non-drowsy 6-symptom cold & flu relief. take dayquil. use nyquil d... [ ding! ] ...and get longer nighttime cough relief. use alka-seltzer plus night cold & flu... [ coughs ] [ buzz! ] [ screams ] ...and you could find yourself... honey? ...on the couch. nyquil d. 50% longer cough and stuffy nose relief. woman: what do you mean, homeowners insurance doesn't cover floods? [ heart rate increases ] man: a few
some of them are proposing to republicans in pennsylvania and three other states obama won, they're trying to eliminate the winner-take-all system of awarding electoral votes. why not? that way republicans could win electoral votes in states they lose. that's a good deal. >>> new jersey governor chris christie finally meets his idol. new jersey's most famous resident, the man he has seen in concert more than 100 times. the governor and the boss, bruce springsteen. they're friends now....
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the top republican today accused president obama of, "slow walking", the economy to the edge of the cliff. he repeated his call for the president to send congress a plan that can pass both houses of congress. tax rates are the major sticking point. the president wants to raise them for america's highest earners, house republicans strongly oppose: >> instead of reforming the tax code and cutting spending, the president wants to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion dollar deficits for as far as the eye can see. washington's got a spending problem, not a revenue problem. >> tom: congress and the president have 24 days to reach a deal, before the fiscal cliff's tax hikes and spending cuts take effect. >> susie: mark zandi says "bad things will happen to the economy pretty fast" if lawmakers don't settle the fiscal cliff issue. he's chief economist of moody's analytics. so mark falling off the fiscal cliff means bad things. how bad? >> it could be quite bad, susie. i don't think it's if we get into ja
the top republican today accused president obama of, "slow walking", the economy to the edge of the cliff. he repeated his call for the president to send congress a plan that can pass both houses of congress. tax rates are the major sticking point. the president wants to raise them for america's highest earners, house republicans strongly oppose: >> instead of reforming the tax code and cutting spending, the president wants to raise tax rates. but even if the president got the...
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president obama and the republicans look to make a deal. the royal couple makes a baby, and a new law makes some pot smokers very happy. a look back now at the week that was. >> 26 days left, of course, until we tumble over the cliff. >> now we need a response from the white house. >> i will not play that game. >> it's official. kate middleton is pregnant. >> obviously, you know, we want a family. >> the whole globe's press will be in london waiting for this little baby. >> smoke them if you've got them. >> now we're smoking weed. >> i'm not a criminal anymore. i'm free to be free. >> a little pot, a big pregnancy and, of course, politics dominated this week that was. a week that began with this. >> a reasonable offer to the white house that would avert the fiscal cliff. >> the president politely declined. >> when you look at the math, it doesn't work. >> it's just common sense. >> at least the two sides are talking. >> oh, they are talking all right. >> the president actually isn't interested in a balanced agreement. >> the only people who
president obama and the republicans look to make a deal. the royal couple makes a baby, and a new law makes some pot smokers very happy. a look back now at the week that was. >> 26 days left, of course, until we tumble over the cliff. >> now we need a response from the white house. >> i will not play that game. >> it's official. kate middleton is pregnant. >> obviously, you know, we want a family. >> the whole globe's press will be in london waiting for this...
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with just 24 days and counting, president obama and senator marco rubio in the republican address are racheting up the rhetoric. >> we can and should do more than just extend middle class tax cuts. and i stand ready to work with republicans or a plan that spurs economic growth, creates jobs and reduces our deficit. a plan that gives both sides some of what they want. >> tax increases will not solve our $16 trillion debt. only economic growth and a reform of entitlement programs will help control the debt. we must reform our complicated, uncertain job-killing tax code by getting rid of unjustifi loo holls. >> molly ball and david nakamura. thanks for joining me. >> good to be here. >> david so house speaker john boehner says there's no progress to report. the white house says republicans are to blame for dragging their feet. it seems at least publicly we're getting nowhere. is there anything bigger churning behind the scenes? >> alex, i wish i had good news for you. there's not much going on. certainly at the staff level there's still talks going on. the president did have an onization
with just 24 days and counting, president obama and senator marco rubio in the republican address are racheting up the rhetoric. >> we can and should do more than just extend middle class tax cuts. and i stand ready to work with republicans or a plan that spurs economic growth, creates jobs and reduces our deficit. a plan that gives both sides some of what they want. >> tax increases will not solve our $16 trillion debt. only economic growth and a reform of entitlement programs will...